Hamilton Lane vs Blackstone Secured Lending

This page compares Hamilton Lane INC-CLASS A and Blackstone Secured Lending F, providing an impartial view of how each company operates. It covers business models, financial performance, and market context, aiming to present clear, accessible information for reader consideration. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

HLNE

Metric

BXSL

$8.33B

Market Cap

$6.03B

9.11%

Potential Profit

12.43%

Buy

Analyst Rating

Buy

Investment Analysis

Hamilton Lane

HLNE

Pros

Hamilton Lane has a long-standing reputation as a specialist in private markets, offering clients unique access to global private equity, credit, and real assets through tailored solutions.
The company consistently delivers robust returns, with a 44.7% normalised return on equity and 18.6% normalised return on assets, demonstrating strong profitability and operational efficiency.
Hamilton Lane’s balance sheet is solid, featuring a current ratio of 1.68 and a quick ratio of 1.62, reflecting healthy liquidity and financial resilience in volatile markets.

Considerations

Hamilton Lane’s valuation appears elevated, with a forward P/E above 23, which could limit upside potential if growth slows or markets become less favourable to asset managers.
The firm’s small-growth style and narrow profit base make it potentially more vulnerable to swings in investor sentiment towards private market strategies.
Heavy reliance on management and advisory fees exposes Hamilton Lane to cyclical risks if institutional investors reduce allocations to alternatives during downturns.

Blackstone Secured Lending

BXSL

Pros

Blackstone Secured Lending’s focused strategy on first lien senior secured debt offers a defensive risk profile, with 98% of its portfolio in this asset class, prioritising capital preservation.
The fund has delivered an 11.4% annual net return since inception, supported by Blackstone’s scale, proprietary origination capabilities, and value-add lending approach.
Blackstone’s vast credit platform provides deal flow, operational support, and cost optimisation across the portfolio, enhancing returns and differentiating it from peers.

Considerations

As a lender primarily to private US middle-market companies, Blackstone Secured Lending faces heightened credit risk amid rising interest rates and potential economic slowdowns.
High leverage is typical for business development companies, and any uptick in defaults could pressure dividend payouts and net asset value.
The BDC structure, while income-focused, can dilute returns for shareholders via continuous equity issuance and external management fees.

About The Companies

Hamilton Lane (HLNE)

Hamilton Lane is a global investment firm that specialises in private markets. It acts as a gateway for institutional clients and private wealth investors, offering them access to asset classes that aren't typically available on public stock exchanges. These include private equity, private credit, real estate, and infrastructure. The company constructs investment solutions using a mix of strategies, such as investing directly in funds, co-investing alongside other managers, or acquiring secondary stakes. Hamilton Lane also provides a suite of related services, from advisory and data analytics to reporting and portfolio management. For investors, it represents a way to potentially gain exposure to the less-liquid but opportunity-rich world of private investments, although it's important to remember that all investments carry risk and returns are not guaranteed.

Blackstone Secured Lending (BXSL)

Blackstone Secured Lending Fund (BXSL) is a closed‑end investment vehicle managed by Blackstone’s credit team that focuses on senior secured loans and other floating‑rate credit instruments, primarily to North American middle‑market companies. The fund aims to generate current income while seeking capital preservation through secured, first‑lien and unitranche loans. As a closed‑end fund, BXSL may use leverage and its market price can trade at a premium or discount to net asset value; it commonly pays regular distributions. Investors should be aware of credit risk, potential illiquidity in stressed markets, sensitivity to loan spreads and the effects of leverage on returns. Market capitalisation is about $6.09 billion (as of the provided data). This information is educational and not personalised advice; outcomes can vary and capital is at risk, so suitability depends on an investor’s income needs and tolerance for credit and market volatility.

Which Baskets Do They Appear In?

No baskets available in this category

Which Baskets Do They Appear In?

No baskets available in this category

Buy HLNE or BXSL in Nemo

🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

Discover More Comparisons

Hamilton Lane vs MarketAxess

Hamilton Lane vs Synovus

Hamilton Lane vs Synovus: Stock comparison

Hamilton Lane vs Blackstone Secured Lending

Comparison Snapshot